i.The investment arm of the World Bank Group, International Finance Corporation (IFC) has Sanctioned $250 million (~Rs.1858 Crore) to HDFC (Housing Development Finance Corporation) Ltd to enhance inexpensive housing Finance in India under the themes Affordable & Green housing.
ii.This loan will support HDFC limited to grow its affordable housing and emerging green affordable housing portfolio by providing access to people with lower incomes.
ii.This loan is on the lines of India’s target of providing Housing for All.
About International Finance Corporation (IFC):
It is one of the 5 organizations of the World Bank (WB).
Managing Director- Makhtar Diop
Headquarter- Washington DC, Unite States (US)